Summary by Futu AI
CM Bank Co., Ltd. ("CM Bank") announced that its perpetual capital bonds were successfully issued on November 5, 2024, with the bond first recorded on November 1, 2024. The issuance size reached RMB 30 billion, with an initial five-year coupon rate of 2.42%, adjustable every five years. The issuer has conditional redemption rights on every interest payment date after the fifth year. The funds raised this time will be used to supplement CM Bank's other Tier 1 capital. The project has been approved by the China Banking and Insurance Regulatory Commission and issued in the national interbank bond market.